Managed Security Service Providers (MSSPs) are third party providers of expert security services. They work by offering security services either in-house or remotely, overseeing everything from setting up security processes to ensuring smooth day-to-day running. Online businesses need to be on top of their security to prevent data hacks and breaches and using an MSSP creates an easy and reliable way to do so. There are many reasons why every online business, from e-commerce to retail, can benefit from using an MSSP.
Access to well-versed security experts is the main benefit of using an MSSP. Though your company may have its own team who deal with security issues, enlisting the help of people who have worked in the industry for longer and whose sole focus is online security will help. Many MSSPs offer 24/7 coverage, so they can react to any imminent issues too. It’s not just the personnel, access to the most up-to-date security technology, tools and practices will also be included. This is highly important to stay ahead of hacking threats and other virus risks which are constantly developing. These experts should be flexible enough to realise the specific challenges for your online business and create a plan based on this.
Affording the technology, software and labour to set up efficient cybersecurity systems and run them can be expensive. Doing without and experiencing a range of issues can be even more expensive to deal with. For this reason, investing in an MSSP can be the most cost-effective choice. One study found that 46% of MSSP users cut their annual IT costs by 25% when outsourcing to an MSSP rather than taking care of cybersecurity themselves. For SMEs and other small online businesses, it makes access to the technology and services a lot more affordable.
Outsourcing security to a third party allows your online business to spend more time focussing on growth, developing new products and services. It can take a lot of time, effort and labour to create effective systems, meaning some workers have to focus on security areas rather than their main jobs. This links in to creating a cost-effective option as having all employees focussed on their main role should help lead to faster growth for the company.
An MSSP holds a wide number of important and useful benefits for all sorts of online businesses, making it worth investigating and using to help your company succeed.